Shell confirms another major Gulf of Mexico discovery


Royal Dutch Shell (RDS.A, RDS.B) announces a third major discovery in the Norphlet play in the deepwater Gulf of Mexico with its successful Rydberg exploration well.

Shell is completing the full evaluation of the well results but expects the resource base to contain ~100M boe; combined with the nearby Appomattox and Vicksburg discoveries, the new discovery brings total potential Norphlet discoveries to 700M-plus boe.

The discovery is the first for the partnership of operator Shell, with a 57.2% stake, Ecopetrol (NYSE:EC) and Nexen (NYSE:CEO).

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Comments (4)
  • Debutant
    , contributor
    Comments (2805) | Send Message
     
    Well, there's gonna be a lot of deepwater drilling down there.
    Hopefully the drillers I am invested in may have some rigs available for these new projects.
    15 Jul 2014, 09:55 AM Reply Like
  • mhmp24
    , contributor
    Comments (24) | Send Message
     
    I, how are you? i send you a private message.
    Have a nice day
    15 Jul 2014, 03:25 PM Reply Like
  • keeladog
    , contributor
    Comments (234) | Send Message
     
    Just what we need. More of the damned stuff.
    16 Jul 2014, 06:45 AM Reply Like
  • Maobama
    , contributor
    Comments (475) | Send Message
     
    Keeladog, finding oil is one thing, developing it is another. It will be many years before any of this oil is flowing to market.
    16 Jul 2014, 10:28 AM Reply Like
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